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Coin
King/Coin
NEFORMAT/Coin-MidJourney

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Coin


From the precious metal of the set weight, they gradually came to the coin. The first coins were minted around 640 BC by Aliatt, king of Lydia (western Anatolia). These were gold and silver coins of standard weight with a certifying inscription: the signs on the coin indicated, firstly, how much precious metal it contained, and secondly, indicated which ruler had issued this money into circulation and vouched for its authenticity. Almost all modern coins are descendants of Lydia's coins.

Coins have two significant advantages over unlabeled bullion. First, the silver bar had to be re-weighed with each transaction. Secondly, it is not enough to weigh it: how does a shoemaker know whether the ingot offered to him in payment for shoes is really made of pure silver, and not of lead, covered with a thin silver film for appearance? Coins eliminated these problems. Signs and inscriptions indicated the exact price of each coin, and the shoemaker no longer needed to keep scales in the workshop. And most importantly, the coin bore the seal of the ruler or government agency, certifying its nominal value.

History knows the sizes and shapes of coins, but the meaning of the inscription is always about the same: "I, the great king so-and-so, personally vouch that this piece of metal contains exactly five grams of gold. If anyone dares to forge a coin, it is equivalent to forging my signature and damages the royal dignity. The punishment for this crime will be the most severe."

That is why counterfeiters were judged as the most notorious villains. Their crime was considered much more serious than any other fraud. This is not just a deception, but a state crime, an encroachment on the power, privileges and the very personality of the ruler — what the laws called "insulting the majesty" and was punishable by a painful death. People accept the coin as long as they believe in the power and honesty of the monarch. People who did not know each other could agree on the price of a Roman denarius without arguing, because they trusted the strength and power of the emperor, whose name and portrait adorned the coin.

Sapiens. A brief history of mankind. Harari Yuval



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